09-08-2012, 12:31 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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There should be a federal usury limit -- maybe 3 times the prime rate (3.25% today).
Even if it restricted lending some the negative effects of high interest rates are dragging the economy down.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was so watered down to the point it had no teeth. Better luck next time.
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